Europe

A growing number of major shippers and carriers are pledging that they will not use Arctic shipping routes.

The French port of Dunkirk has marked the first use of its cold ironing facilities on Wednesday with CMA CGM container vessel APL Singapura plugging into the shoreside electricity for power.

Maersk Tankers has launched a new standalone digital business aimed at reducing carbon dioxide (CO2) emissions and optimising vessels’ earnings across the tramp shipping sector.

Denmark’s Norden has sold one handysize tanker and purchased two MR tankers in anticipation of a positive outlook of increased refinery production to deliver low sulphur fuel for IMO 2020.

With the coming into force of IMO 2020 very low sulphur fuel oil (VLFSO) prices have surged since mid-December nullifying the discount to marine gas oil (MGO).

Tanker pool company Heidmar has come to an agreement with Signal Maritime Services for the latter to manage 18 aframax vessels in Heidmar’s Sigma Pool.

Baltic Container Terminal (BCT), the Polish unit of International Container Terminal Services, Inc. (ICTSI) at the Port of Gydnia, capped 2019 with a milestone after recently reaching its 500,000th teu move on 21 December.

The shipping industry has a number of reasons to be cheerful as it enters a new decade, despite some serious challenges in the immediate future, according to accountancy and business advisory firm BDO.

Ardent is refocusing its business of salvage and emergency management shifting its headquarters to the Netherlands from Houston in the US.

The leaders of Cyprus, Greece and Israel plan to sign an agreement in Athens, 2 January 2020, for the building of the Eastern Mediterranean natural gas pipeline.